Texas Statutes
§ 557.004 — PAYMENT OF INTEREST; RATE.
Texas § 557.004
JurisdictionTexas
Code INInsurance Code
This text of Texas § 557.004 (PAYMENT OF INTEREST; RATE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Insurance Code Code Ann. § 557.004 (2026).
Text
Sec. 557.004. PAYMENT OF INTEREST; RATE. A lender who fails to provide notice as required by Section 557.002 or 557.003 or to release insurance proceeds as required by Section 557.003 shall pay to the insured interest at the rate of 10 percent a year on the proceeds held by the lender.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Nearby Sections
8
§ 557.001
DEFINITIONS.§ 557.004
PAYMENT OF INTEREST; RATE.§ 557.005
ACCRUAL OF INTEREST.§ 557.051
LIENHOLDER APPROVAL OF PAYMENT.§ 557.052
CIVIL PENALTY.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 557.004, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/557.004.